GlobalTrade Corporation (GTC) has accepted Peter Sproston, formerly head of the trade finance department for Marc Rich & Co Investment, on its advisory board.

He will assist in new product development of the existing @GlobalTrade Platform specifically for those corporates and financial institutions in Europe. Before his role with Marc Rich, Sproston served as head of trade finance at Glencore International, assistant vice-president at Bank Hofmann (formerly BHE), and as a documentary credit specialist at UBS.

“The persistence and dedication that GTC has demonstrated over the years in making @GlobalTrade a recognised name in trade finance facilitation is commendable,” says Sproston. “The company’s faith in the virtue of its platform and the benefits to be derived from same are such that I have been persuaded to give of such technical knowledge as I have in helping GTC team to develop this platform to its fullest potential.”

GlobalTrade is a software development house and applications service provider. The company designs, develops and manages innovative, collaborative products and services for the global trade industry.

GlobalTrade customers are producers and traders that require consolidated access to multiple banks, centralised or delegated document preparation and management, third-party collaboration and risk exposure control; and financial institutions that require secure electronic data exchange with their corporate customers.